Will reading books really help you in trading? - Page 59
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Thread: Will reading books really help you in trading?

  1. #581
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    Quote Originally Posted by Hukam View Post
    We should do trade with support and resistance, technical analysis based trading system have good risk and reward for trader's and they can earn good profit from the help of technical analysis trading method. Although this is not success, but a good use of their discipline along with the support and resistance can surely give them good conservative trading.
    that is the basic for all trading methods, support resistance and also trend line too, and with them, if traders can make good analysis, they will know to set for how much the risk and reward ratio that will used for trading forex, that is a good thing for them to keep stable on the market where the risk is limited and the target is set easier touched by the market price

  2. #582
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    I have read so many boooks until now to learn forex. Learn from forex books is good, it can increase our knowledge and makes us know many things about this business. but then we must use the knowledge in our trading everyday. IF we use the knowledge in our daily trading, then we will understand easily about this market and business

  3. #583
    Quote Originally Posted by newentry View Post
    that is the basic for all trading methods, support resistance and also trend line too, and with them, if traders can make good analysis, they will know to set for how much the risk and reward ratio that will used for trading forex, that is a good thing for them to keep stable on the market where the risk is limited and the target is set easier touched by the market price
    There are many approach that we can use in trading but whatever it maybe it is important that we are very familiar on such approach so that we can maximize the profit potential, but there are basic things that we should follow in trading that we must apply to any strategy such as risk management, risk reward ratio and discipline.
    " Trading is 70% Psychology, 15% Risk Management and 15% Strategy ! "

  4. #584
    I get to understand things better when it is seen than just reading, for newbies the best way to get a clear understanding of this business is through practical, reading alone does not do much and can easily be forgotten, you need to read many articles and books, but you still need to practice to see the market and how it behaves.

  5. #585
    [lang=de]No it won't. I do not think reading books will help a lot. I suggest to acquire practical method. Like trading with demo account or real account. Learning forex is like learning riding bicycle. Where practical knowledge will be necessary. Practical way will help you to learn forex perfectly. Use practical way and that will help you to grow your knowledge and trading skill.[/lang]

  6. #586
    You can find many great webinars which are free. Some are about technical analysis, some about psychology, fundamentals. Different traders run them. They show you screen so it is very easy to see how others are trading, what is most important for them. What’s more, you have chat window. In most cases, you can ask questions during an online seminar or there is dedicated Q&A session right after webinars finish.

  7. #587
    To my mind, reading books is very helpful. Books constitute a great source of information for all traders, especially for newbie ones. Most of the books dedicated to trading could be found within the Internet, so you can easily create your own collection. There are several types of books tat could be interesting for the trader. The books about the economy and finance in general would be useful to improve the knowledge on market fundamentals and learn more about how everything works since it is important for the trader to understand some fundamental mechanisms moving the prices.
    To find new ideas or to get better understanding of technical analysis in general trader could search for the appropriate books even if they were written many years ago and describe other markets like stocks and futures - the main advantage of technical analysis is that it works almost the same way independently from the particular instruments, so you can easily apply those approaches to any market including Forex.
    It is quite easy to find information about trading nowadays. The only thing trader have to do is to evaluate it properly to be able to distinguish something that is realy valuable from useless books written by those who have no real experience in trading.

  8. #588
    As you know, it is better to learn from other people's mistakes. In this sense, reading good thematic books written in plain language is a huge help to beginners. It would be foolish not to take this opportunity.

  9. #589
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    You are right, it will be very useful! Thanks for sharing.

  10. #590
    A trading strategy needs to be understood. It is very difficult to read a book and become successful. You should know well what you are doing.

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